Financial Statements

The Gap, Inc. (GPS)

$13.2

-0.21 (-1.57%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 2,5013,2573,0813,081-
Net Income 256-6653511,003848
Stock Dividends -135-91189-6302,594
Dividend Paid ---364-373-361
Retained Earnings 2,6222,5013,2573,0813,081

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 7,0588,5242,9122,805-
Annual Depreciation -346-1,0746,6578123,536
Capital Expenditure --392-1,045-705-731
Net PPE 6,7127,0588,5242,9122,805

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -109109109109
New Purchases --464-293-508-
Intangible and Goodwill 109109109109-

The Gap, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes The Gap, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.